The Challenges of Growing Small Businesses - International Labour ...

4.1.3 Work experience............................................................................................. 34
4.1.4 Family status................................................................................................... 35
4.2 Establishing and resourcing the business.................................................................. 36
4.2.1 Motivation and determination – the drivers for business ownership.............. 36
4.2.2 Business characteristics, the business idea and its market ............................. 37
4.3 Resourcing start-up................................................................................................... 40
4.3.1 Challenges for start-up ................................................................................... 40
4.3.2 Accessing finance for start-up ........................................................................ 40
4.3.3 Premises and equipment at start-up................................................................ 41
4.3.4 Developing skills for start-up and know-how through training...................... 42
4.3.5 Family support at start-up............................................................................... 42
4.4 Formalizing the business .......................................................................................... 42
4.4.1 What is formalization? ................................................................................... 43
4.4.2 Why formalize? .............................................................................................. 45
4.4.3 Process of formalization ................................................................................. 45
4.5 Growing, managing and planning the business ........................................................ 46
4.5.1 Growth in the business ................................................................................... 46
4.5.2 Time spent in the business.............................................................................. 47
4.5.3 Decision-making in the business .................................................................... 48
4.5.4 Employing and managing others .................................................................... 48
4.6 Employment created ................................................................................................. 49
4.7 Future development of the business.......................................................................... 51
4.7.1 Vision for the future ....................................................................................... 52
4.7.2 Constraints on further growth......................................................................... 52
4.7.3 Summary ........................................................................................................ 53
4.8 Awareness and experiences of the Business Support Sector .................................... 54
4.8.1 Sources of support and needs ......................................................................... 54
4.8.2 Awareness and experience of support providers ............................................ 54
4.8.3 Women’s business associations...................................................................... 56
4.8.4 Summary ........................................................................................................ 57
4.9 The enabling environment ........................................................................................ 57
4.9.1 Ignorance of procedures ................................................................................. 58
4.9.2 Onerous procedures........................................................................................ 58
4.9.3 Constrained mobility and delays .................................................................... 58
4.9.4 Harassment ..................................................................................................... 59
4.9.5 Summary aspects relating to the enabling environment................................. 59
4.10 The socio-cultural and economic context ................................................................. 59
4.11 Summary of key points from chapter........................................................................ 61
5. Conclusions and challenges for women’s enterprise .......................................................... 63
5.1 Challenging the stereotype of women entrepreneurs................................................ 63
5.2 Ingredients for a successful business ........................................................................ 63
5.2.1 Motivation and determination for business .................................................... 64
vi